Stock Movers

Today’s biggest winners and losers in the stock market.
On this episode of Stock Movers:
Shares of Chevron (CVX), Occidental Petroleum (OXY), and US other energy stocks gained after President Trump said a tentative ceasefire with Iran is “over.” Speaking to reporters from the NATO summit in Ankara, Trump said the US would probably launch further strikes on Iran and could resume a blockade on the country’s ports, ratcheting up pressure on Tehran and raising the prospect of a return to all-out war. The US earlier on Tuesday revoked a waiver that allowed Tehran to sell its oil globally, in response to attacks on ships in the Strait of Hormuz that it blamed on the Islamic Republic. The moves posed the greatest threat yet to a ceasefire deal between the US and Iran and talks toward a broader agreement to end the war.
Shares of Broadcom (AVGO) closed nearly 5% higher after Apple indicated that it plans to follow through on a pledge to boost spending on US-made components. The iPhone maker says its expanded agreement with Broadcom is expected to top $30 billion. The deal will involve manufacturing more than 15 billion chips in the US, supporting hundreds of jobs, Apple said in a statement Wednesday. Apple will also help Broadcom upgrade its production facilities in Colorado. The announcement sheds new light on an arrangement that Broadcom announced Monday, when the chipmaker said the pact would run through 2031 but didn’t offer financial details.
Shares of Nvidia (NVDA) are back in the green after The Information reported China plans to allow the country’s largest AI companies to purchase a “small number” of H200 chips. The move raises the prospect of Nvidia regaining access to a market that has effectively been closed following US export restrictions, providing potential upside to China revenue expectations. The chipmaker’s stock had tumbled 16% since hitting an all-time high on May 14, losing roughly $1 trillion in market value in less than two months.
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Bailey Lipshultz

- Broadcom (AVGO) gained as much as 5% to $389.12 in New York trading after Apple said its expanded agreement with Broadcom Inc. is expected to top $30 billion. The deal will involve manufacturing more than 15 billion chips in the US, supporting hundreds of jobs, and Apple will help Broadcom upgrade its production facilities in Colorado. The Broadcom partnership will include a $1.5 billion investment in Broadcom's production plant in Fort Collins, Colorado, to build advanced radio frequency components for wireless chips.

- TeraWulf (WULF) shares rise as much as 13% after Morgan Stanley raised its price target on the data center operator following the Anthropic lease deal.

- Shares of fuel-hungry travel companies fall: Carnival -4.3%, United Airlines -3.6%, Norwegian Cruise -3.6%, American Airlines -3.3%, Delta Air Lines -2.9%, Southwest Airlines -2.7%
See omnystudio.com/listener for privacy information.

Today’s biggest winners and losers in the stock market.
On this episode of Stock Movers:
Shares of Broadcom (AVGO) rallied ahead of the Wednesday close after Apple indicated that it plans to follow through on a pledge to boost spending on US-made components. The iPhone maker says its expanded agreement with Broadcom is expected to top $30 billion. The deal will involve manufacturing more than 15 billion chips in the US, supporting hundreds of jobs, Apple said in a statement Wednesday. Apple will also help Broadcom upgrade its production facilities in Colorado. The announcement sheds new light on an arrangement that Broadcom announced Monday, when the chipmaker said the pact would run through 2031 but didn’t offer financial details.
Shares of Chevron (CVX) and US other energy stocks gained after President Trump said a tentative ceasefire with Iran is “over.” Speaking to reporters from the NATO summit in Ankara, Trump said the US would probably launch further strikes on Iran and could resume a blockade on the country’s ports, ratcheting up pressure on Tehran and raising the prospect of a return to all-out war. The US earlier on Tuesday revoked a waiver that allowed Tehran to sell its oil globally, in response to attacks on ships in the Strait of Hormuz that it blamed on the Islamic Republic. The moves posed the greatest threat yet to a ceasefire deal between the US and Iran and talks toward a broader agreement to end the war.
Shares of TeraWulf (WULF) moved higher after Morgan Stanley raised its price target on the data center operator following the Anthropic lease deal. The deal, announced Monday, locks in a 20-year lease with Anthropic for its Justified Data campus in Kentucky. TeraWulf also announced that it agreed to sell its majority stake in the Abernathy joint venture to a Fluidstack-led investor group.
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On this episode of Stock Movers:
-American Airlines (AAL) shares slide after US President Donald Trump said a tentative ceasefire with Iran is “over.” A sharp increase in oil prices was also driven by geopolitical developments.
-Broadcom (AVGO) shares rise. Apple Inc. said its expanded agreement with Broadcom Inc. is expected to top $30 billion. The deal will involve manufacturing more than 15 billion chips in the US, supporting hundreds of jobs, and Apple will help Broadcom upgrade its production facilities in Colorado.
-Bath and Body Works (BBWI) shares fall after Goldman Sachs analyst Kate McShane cut her recommendation on candle and soap retailer to sell from neutral.
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On this episode of Stock Movers:
-Kura Sushi (KRUS) shares slide after the restaurant operator slashed its sales forecast for the full year. Kura also reported third-quarter restaurant comparable sales that fell short of Wall Street’s expectations.
-United Airlines (UAL) shares are down. Shares of United Airlines Holdings Inc. may move 3% after the company reports earnings, according to options data compiled by Bloomberg. The company is expected to release earnings July 15 after the market close.
-Community Health (CYH) shares slip. Shares of HCA Healthcare and Universal Health Services are lower after Barclays downgraded the hospital operators to equal-weight from overweight, saying the fundamental and regulatory backdrop is turning more negative.
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